Third Retreat

After two retreats, One from the "fair trade practices" of service industry codes and the other from the general policy of price-fixing, NRA last week beat a third retreat. Fertile source of NRA criticism was that time & again bids from different companies for cement, steel and other goods needed by the Government have been exactly the same to the penny. Bidders explained that unless they filed prices available to the public and to all their competitors, they could not legally underbid one another for government contracts.

To stop this, President Roosevelt last week called in the Press and announced General Johnson's latest retreat: Hereafter businessmen may cut list prices up to 15% in bids for Federal, State or municipal contracts and no code violation will be charged against them, provided they notify the code authority after bids are opened.

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